VDIMMO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VDIMMO
Largest movements
- Receivables within one year -€28,066
down €28,066 (-76.8%), from €36,530 to €8,464
- Tangible fixed assets -€26,732
down €26,732 (-3.8%), from €705,665 to €678,933
of which Land and buildings: -€18,193
- Reserves -€22,009
down €22,009 (-5.0%), from €438,875 to €416,866
of which Tax-exempt reserves: -€18,480
- Provisions -€9,516
down €9,516 (-5.3%), from €180,753 to €171,237
- Debts after one year -€8,970
down €8,970 (-16.8%), from €53,495 to €44,525
- Short-term financial debts +€8,970
new in 2025: €8,970
- Current portion of long-term debt -€8,888
no longer reported in 2025 (was €8,888)
- Other operating charges +€6,679
up €6,679 (+610.7%), from €1,094 to €7,772
- Taxes -€3,560
down €3,560, from €3,092 to -€468
- Financial income -€3,141
no longer reported in 2025 (was €3,141)
- Gross operating margin -€2,824
down €2,824 (-18.4%), from €15,352 to €12,527
- Depreciation +€410
up €410 (+1.1%), from €36,151 to €36,561
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €746,300 | €696,026 | -€50,274 | -6.7% |
| Fixed assets | 21/28 | €705,665 | €678,933 | -€26,732 | -3.8% |
| Tangible fixed assets | 22/27 | €705,665 | €678,933 | -€26,732 | -3.8% |
| Land and buildings | 22 | €397,496 | €379,303 | -€18,193 | -4.6% |
| Other tangible fixed assets | 26 | €308,169 | €299,630 | -€8,539 | -2.8% |
| Current assets | 29/58 | €40,635 | €17,093 | -€23,542 | -57.9% |
| Amounts receivable within one year | 40/41 | €36,530 | €8,464 | -€28,066 | -76.8% |
| Other amounts receivable | 41 | €36,530 | €8,464 | -€28,066 | -76.8% |
| Cash at bank and in hand | 54/58 | €3,019 | €2,956 | -€62 | -2.1% |
| Deferred charges and accrued income | 490/1 | €1,087 | €5,673 | +€4,586 | +422.1% |
| Total equity and liabilities | 10/49 | €746,300 | €696,026 | -€50,274 | -6.7% |
| Equity | 10/15 | €459,654 | €436,985 | -€22,669 | -4.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €438,875 | €416,866 | -€22,009 | -5.0% |
| Tax-exempt reserves | 132 | €370,210 | €351,730 | -€18,480 | -5.0% |
| Distributable reserves | 133 | €68,665 | €65,136 | -€3,529 | -5.1% |
| Profit (loss) carried forward | 14 | €779 | €119 | -€660 | -84.7% |
| Provisions and deferred taxes | 16 | €180,753 | €171,237 | -€9,516 | -5.3% |
| Deferred taxes | 168 | €180,753 | €171,237 | -€9,516 | -5.3% |
| Amounts payable | 17/49 | €105,893 | €87,804 | -€18,089 | -17.1% |
| Amounts payable after more than one year | 17 | €53,495 | €44,525 | -€8,970 | -16.8% |
| Financial debts | 170/4 | €53,495 | €44,525 | -€8,970 | -16.8% |
| Amounts payable within one year | 42/48 | €52,398 | €43,279 | -€9,119 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €8,888 | - | -€8,888 | |
| Financial debts | 43 | - | €8,970 | +€8,970 | |
| Credit institutions | 430/8 | - | €8,970 | +€8,970 | |
| Trade debts | 44 | €1,088 | €467 | -€621 | -57.1% |
| Suppliers | 440/4 | €1,088 | €467 | -€621 | -57.1% |
| Taxes, remuneration and social security | 45 | €504 | - | -€504 | |
| Taxes | 450/3 | €504 | - | -€504 | |
| Other amounts payable | 47/48 | €41,919 | €33,843 | -€8,076 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,151 | €36,561 | +€410 | +1.1% |
| Other operating charges | 640/8 | €1,094 | €7,772 | +€6,679 | +610.7% |
| Gross operating margin | 9900 | €15,352 | €12,527 | -€2,824 | -18.4% |
| Operating profit (loss) | 9901 | -€21,893 | -€31,806 | -€9,912 | -45.3% |
| Financial income | 75/76B | €3,141 | - | -€3,141 | |
| Recurring financial income | 75 | €3,141 | - | -€3,141 | |
| Financial charges | 65/66B | €1,116 | €847 | -€268 | -24.1% |
| Recurring financial charges | 65 | €1,116 | €847 | -€268 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,868 | -€32,653 | -€12,785 | -64.4% |
| Transfer from deferred taxes | 780 | €9,516 | €9,516 | = | 0.0% |
| Income taxes | 67/77 | €3,092 | -€468 | -€3,560 | |
| Profit (loss) for the period | 9904 | -€13,444 | -€22,669 | -€9,225 | -68.6% |
| Transfer from tax-exempt reserves | 789 | €18,480 | €18,480 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,036 | -€4,189 | -€9,225 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.